Milking the cash cow: NFTs seen as investment opportunity by VCs
The NFT sector is growing rapidly, with NFT marketplaces seeing a huge increase in volume. Investors and analysts explain what’s coming next. According to data from Messari, the NFT marketplace sales volume grew by 2,882% in February. It dwarfed the increase in monthly sales volume in any given month throughout the past three years. The fast growth of the NFT market follows high-profile auctions of nonfungible tokens led by Sotheby’s and other recognizable brands, such as Time Magazine, which is planning to auction three NFTs in the coming month.The NFT sector has begun to see explosive....
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The NFT ecosystem is in full bloom, with several renowned names entering the playing field. As more and more artists and creators join the cash-strapped world of NFTs, we’ve got you covered with the latest announcements and launches of the week that are taking the world by storm. Hashmasks Introduce a Passive Opportunity to Earn Two of the biggest creative platforms, Terra Virtua and Hashmasks, recently collaborated to launch a unique set of NFTs called the Vflect Hashmasks. Setting a new benchmark in the NFT industry, Terra Virtua and Hashmasks have joined hands to implement a....
The top comment on Ubisoft’s YouTube video introducing its NFTs has more likes than the actual video, and slams the firm for “milking” money from its customers. French gaming giant Ubisoft Entertainment SA’s new nonfungbile token (NFT) project Quartz is facing strong pushback from the gaming community. Ubisoft unveiled the Beta launch of Quartz via a brief YouTube video on Dec. 8 that has 214,721 views at the time of writing. The project aims to combine NFTs and blockchain technology with existing Triple-A game titles, and announced Tom Clancy’s Ghost Recon Breakpoint as its first game to....
Supreme – the ultra-trendy brand. NFTs – a concept that most do not have a grasp of but is bound to be the future for buying and trading art and basically anything digital. Both Supreme and NFTs can benefit one another. The ability to buy Supreme’s digital content through NFTs would be a surefire way to get everyone to know, talk about and want NFTs even more than they do now. But for Supreme, the stakes are higher. NFTs can be a multi-million dollar opportunity for Supreme, creating a secondary market for the company. Sounds far-fetched? Well, it doesn’t have to be. First, a....
Bitcoin exposure has been added to the end of “Other Securities and Investment Strategies” sections for a dozen investment funds. United States investment bank Morgan Stanley has updated the prospectus of several institutional funds to reflect potential exposure to Bitcoin (BTC) through Grayscale and cash-settled futures, highlighting once again the rapid uptake of digital assets by major investment firms. In a March 31 filing with the U.S. Securities and Exchange Commission, or SEC, Morgan Stanley declared it has updated the “Investment Policies and Strategies” section for 12....
Billionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has shared his investment strategy with cryptocurrency as part of his portfolio. He warned that cash is the worst investment because it is eaten away by inflation.
Ray Dalio’s Investment Advice: Cash Is Depreciating, Diversify Portfolio Well
Bridgewater Associates founder Ray Dalio shared his investment strategy last week. He currently serves as Bridgewater Associates’ chairman and co-chief investment officer. His firm’s clients include endowments,....